NZ dollar up on risk appetite after hawkish central banks and US bank stress tests

Thu, 29 Jun 2017

By Rebecca Howard June 29 (BusinessDesk) - The New Zealand dollar rose on improving global risk appetite after hawkish comments from a raft of central banks and after all major U.S. financial institutions received approval from the Federal Reserve to ramp up dividend payouts and share buybacks. The kiwi traded at 73.18 US cents as at 5pm from 73.09 US cents as at 8am and from 72.76 cents yesterday. The trade-weighed index was at 78.37 from 78.21. "Banking stocks are on a tear today after the US banks passed their stress tests and af...

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